By Lauren del Valle and Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors in his failed crypto exchange FTX, a Manhattan court ruled Thursday. Before announcing the sentence, Judge Lewis Kaplan said there was a risk “that this man will
Continue Reading The Dow closed in on a new high, nearing the threshold level of 40,000 at market open on Thursday.
Continue Reading Lawyers for Sam Bankman-Fried filed a memo in Manhattan federal court Tuesday arguing that their client doesn’t deserve to spend the rest of his life in prison, calling a recommended 100-year sentence “barbaric” and “grotesque.”
Continue Reading Originally Published: 21 FEB 24 09:05 ET Updated: 21 FEB 24 09:07 ET By Oliver Darcy, CNN (CNN) — Apple is taking an even bigger swing at sports. The company on Wednesday launched Apple Sports, a free app for the iPhone that delivers real-time scores, key statistics, and live betting odds. At launch, users will have
Continue Reading (CNN) — After a devastating advertiser exodus last week involving some of the world’s largest media companies, X owner Elon Musk is suing the progressive watchdog group Media Matters over its analysis highlighting antisemitic and pro-Nazi content on X — a report that appeared to play a significant role in the massive and highly damaging brand revolt. The lawsuit filed
Continue Reading (CNN) — The long-standing battle over the iOS’ blue and Android’s green text bubbles will soon take a more friendly turn. Apple announced on Thursday plans to adopt a messaging standard that will finally bring iMessage features to Android users, eroding what some considered an element of Apple’s walled garden. The change – first reported by tech
Continue Reading By Nathaniel Meyersohn, CNN New York (CNN) — The United Auto Workers hopes the significant wage and benefit gains in tentative agreements with Ford, General Motors and Stellantis, the parent of Jeep and Chrysler, will spark unionization efforts throughout the US auto industry. But the UAW’s ambitious plans to organize Tesla and other non-union automakers face steep odds.
Continue Reading By Hanna Ziady, CNN London (CNN) — Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations and tackle years of underperformance. Britain’s flagship engineering firm, which makes engines for Boeing (BA) and Airbus planes, said Tuesday that the cuts were part of a broader strategic overhaul to
Continue Reading By: Jordan Valinsky, CNN (CNN) — In a radical rebranding, Twitter owner Elon Musk has replaced Twitter’s iconic bird logo with X. Musk made the shock announcement of his plans early Sunday. By Monday morning US time, he tweeted that X.com now points to Twitter.com. “Interim X logo goes live later today,” he wrote, shortly before sharing
Continue Reading London (CNN) — BT Group is planning to slash up to 55,000 jobs in the next five to seven years as it makes greater use of technology, including artificial intelligence, to cut costs and simplify its business. The UK telecom company said Thursday that its total workforce would fall to between 75,000 and 90,000 by 2028-2030, from 130,000 at
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(CNN) — NPR on Wednesday said that it is suspending its use of Twitter after clashing with the social media company and its owner Elon Musk over a controversial new “state-affiliated media” label applied to its accounts. “NPR’s organizational accounts will no longer be active on Twitter because the platform is taking actions that undermine our credibility
Continue Reading (CNN) — Meta is taking steps to crack down on the spread of “revenge porn” images of teenagers on Facebook and Instagram. A new tool, called Take It Down, takes aim at a practice where someone posts an explicit picture of an individual without their consent to publicly embarrass them. Revenge porn has skyrocketed in
Continue Reading (CNN) — Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting Systems that some Fox News hosts endorsed false claims that the 2020 election was stolen. Murdoch’s remarks were made public in a legal filing as part of Dominion’s $1.6 billion lawsuit against Fox News. In his deposition, Murdoch rejected that
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Originally Published: 18 JAN 23 05:44 ET Updated: 18 JAN 23 10:33 ET By Catherine Thorbecke and Hanna Ziady, CNN (CNN) — Microsoft plans to lay off 10,000 employees as part of broader cost-cutting measures, the company said in a securities filing on Wednesday, making it the latest tech company to reduce staff because of growing economic
Continue Reading By Donie O’Sullivan, CNN Elon Musk’s Twitter has restored the accounts of two prominent election deniers who were banned from the platform following the January 6, 2021 attack on the US Capitol. “Stop the Steal” organizer Ali Alexander’s account was restored on Monday. Alexander assumed a leadership role in the movement that discredited the 2020
Continue Reading By Laura He, CNN Galactic Energy, a rocket startup in China, launched five satellites into orbit on Monday, boosting the private company’s ambition to become the Chinese rival to SpaceX. Galactic Energy’s Ceres-1 rocket lifted off Monday from the Jiuquan Satellite Launch Center in northwestern China, sending five commercial satellites into their intended orbits, the
Continue Reading By Clare Duffy, CNN After months of uncertainty and feeling left in the dark, many former Twitter employees impacted by a mass layoff in early November began receiving their severance offers over the weekend. But some are frustrated by the offer and the conditions attached to it. The severance offer promises one month’s pay in
Continue Reading By Samantha Murphy Kelly, CNN Business Seattle’s public school system on Friday filed a lawsuit against several Big Tech companies alleging their platforms have a negative impact on students’ mental health and claiming that has impeded the ability of its schools “to fulfill its educational mission.” The lawsuit was filed against the parent companies of
Continue Reading By Brian Fung, CNN US farmers will have the right to repair tractors and other agricultural equipment from John Deere without having to use the manufacturer’s own parts and facilities, under an agreement the company signed Sunday with farm industry representatives. The agreement marks a major victory for farmer and consumer advocacy groups, who have
Continue Reading By Catherine Thorbecke, CNN Shortly before Thanksgiving, Amazon CEO Andy Jassy confirmed rumors that layoffs had begun in multiple departments at the e-commerce giant and said it would review staffing needs into the new year. On Wednesday, Jassy provided a sobering update on that review: Amazon is cutting more than 18,000 jobs, nearly double the
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